Flipster and BNB Chain Collaborate to Provide Gas-Free Withdrawals, Accelerating Crypto Adoption

By removing withdrawal fees, we empower more users to engage with digital assets and expand access to cryptocurrency, aligning with BNB Chain's mission to onboard the next billion users into Web3.

Crypto derivatives exchange Flipster has announced a partnership with BNB Chain to offer gas-free withdrawals for its users. This move is part of a broader effort to lower barriers to entry in the crypto market and expand access to digital assets.

Flipster users can now withdraw stablecoins from the platform without incurring any additional costs until the end of the month. This applies to all withdrawals on BNB Chain, regardless of the amount or frequency.

“We’ve always been focused on building an inclusive and user-centric environment to enhance the trading experience for our users,” said the CEO of Flipster. “Collaborating with BNB Chain on fee-free withdrawals is a natural step toward advancing our shared vision of opening up crypto trading to the masses. We are committed to fostering a thriving ecosystem where digital assets are easily accessible to everyone.”

Beyond bridging the gap between traditional finance and crypto, Flipster aims to explore further synergistic initiatives that accelerate crypto adoption. This includes fostering connections within the ecosystem, providing seamless entry into the market, and enhancing the overall trading experience, to encourage greater participation in the ecosystem.

“Collaborating with Flipster to provide gas-free withdrawals is a key part of our ongoing efforts to lower barriers to entry in the crypto market,” added Gala Wen, Director of Ecosystem Development at BNB Chain. “By removing withdrawal fees, we empower more users to engage with digital assets and expand access to cryptocurrency, aligning with BNB Chain’s mission to onboard the next billion users into Web3. We look forward to exploring further initiatives with Flipster to enhance user empowerment.”

Flipster's platform is designed for rapid trade execution, deep liquidity, and zero trading fees. With this integration, users can benefit from both Flipster's zero trading fees and BNB Chain's fee-free withdrawals on stablecoin transactions.

Operating with a focus on user experience and capital efficiency, Flipster has achieved $10 billion in monthly trading volume and over a million users. More than 98% of asset deposits and withdrawals on Flipster are stablecoins, making the zero-fee withdrawal offering on BNB Chain even more valuable for users looking to maximize their returns.

For more information about the campaign, please refer to Flipster's blog.

About BNB Chain

Launched in February 2019, BNB Chain is a community-driven blockchain ecosystem that is forging the frontier of Web3. It is a decentralized and user-centric blockchain that is setting a high bar for security, usability, and efficiency.

The BNB Chain ecosystem includes the BNB Beacon Chain, BNB Smart Chain, and BNB Sidechain. It is governed by the community and supported by a team of contributors.

BNB Chain is a blockchain ecosystem that is powered by its native token, BNB. The token is used to pay for gas fees, participate in governance, and access a range of DeFi products and services.

About Flipster

Founded in 2022 and headquartered in Singapore, Flipster is a crypto derivatives exchange that is known for its lightning-fast perpetual futures listings, zero trading fees, high liquidity, and rapid trade executions.

The exchange offers up to 100x leverage on over 250 tokens, making it an ideal platform for traders who are looking to capitalize on market opportunities.

Flipster is backed by investors such as Tiger Global, Qiming, and IOSG. The exchange has also partnered with leading market makers and liquidity providers to ensure optimal trading conditions for its users.

For media enquiries or interview requests with the team, please reach out to [email protected]

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